All news on the topic: Income Tax

670
Treasury vows state pension alone will remain tax-free throughout Parliament
The UK Government is committed to making sure pensioners whose only income is their pension will not pay income tax, the Treasury has said.
468
More than 100 UK millionaires urge Burnham to tax the super-rich
Gary Lineker has joined more than 100 UK-based millionaires calling on new Prime Minister Andy Burnham to tax their wealth.
564
Burnham says no decision yet on raising tax-free allowance ahead of Budget
Andy Burnham has confirmed there is ’no commitment’ from the government to increase the personal tax allowance and said ’we will look at that at the budget’, in an update issued this morning.
603
Millions of UK crypto holders urged to review tax records before HMRC reporting crackdown
Anyone who has ever owned cryptocurrency is being urged to review their tax records ahead of new reporting rules coming into force next year.
718
Gerko defeated in £22.5m tax battle with HM Revenue and Customs
Billionaire Alex Gerko has lost a long-running legal battle over the tax treatment of profits made by individual traders.
498
Prince William plans £500m land sell-off to tackle Britain’s housing crisis
So, now we know Prince William is as good as his word. Last year, in a wide-ranging interview with actor Eugene Levy, he explained how things would be different when he succeeds his father.
770
Rachel Reeves fighting for her job after ‘misleading’ the public over fabricated £20bn black hole used to justify Budget
Rachel Reeves has been accused of giving the public a misleading picture of the nation’s finances while preparing a £30 billion tax increase to protect herself and the Prime Minister.
852
CBI chief warns Rachel Reeves against “death by a thousand taxes” as Budget downgrades force major revenue hunt
Business leaders have urged the Chancellor to impose "one or two broad tax rises, rather than death by a thousand taxes."
763
PM declines 12 times to rule out tax rises ahead of next week’s budget
The prime minister has refused to rule out manifesto-breaking tax hikes in next week’s budget while speaking to Sky News’s political editor Beth Rigby.
738
Labour under pressure as Starmer won’t rule out breaking manifesto pledge on tax thresholds
Sir Keir Starmer did not rule out the possibility of freezing income tax thresholds, which would constitute a breach of a Labour manifesto promise.
791
Rachel Reeves eyes new ‘milkshake tax’ as Treasury hunts for £20bn
Rachel Reeves is set to announce a so-called "milkshake tax" in a bid to fill her £20 billion budget black hole.
864
Shona Robison attacks ‘chaotic’ UK budget as Chancellor reportedly drops tax rises
The UK’s Budget process has "descended into complete chaos," Scotland’s Finance Secretary said as she pushed for a meeting with the Chancellor.
589
Rachel Reeves sparks market chaos after latest U-turn on income tax plans
Rachel Reeves has lost control. For two weeks, she dropped heavy hints that she’d hike income tax in her upcoming Budget, softening up the public for a breach of Labour’s biggest manifesto promise.
607
Two-child benefit cap to be fully abolished, costing over £3bn
Rachel Reeves plans to completely remove the two-child benefit cap in the November budget, a move that could cost over £3bn but lift 350,000 children out of poverty.
738
Sir Keir Starmer warns of ’tough but fair’ decisions in Budget
Rachel Reeves will make “tough but fair” decisions at the upcoming Budget, Sir Keir Starmer has told Labour MPs amid mounting speculation of a potential hike to income tax.
695
Chancellor faces £30 billion black hole as Treasury debates how to balance Britain’s finances
Rachel Reeves is considering raising income tax in the Budget despite Labour’s manifesto pledge to leave it untouched, reports claim.
912
Labour MPs urge Rachel Reeves to scrap ‘outdated and unfair’ council tax
More than a dozen Labour MPs have written to Rachel Reeves urging her to abolish council tax, as the chancellor faces growing pressure to revamp Great Britain’s property taxes in the next month’s budget.
858
Starmer defends economic plan as Reeves faces £51bn budget shortfall
Sir Keir Starmer has defended the Government’s stewardship of the economy amid warnings that taxes will need to rise in the autumn to plug a £51 billion black hole in the public finances.
660
84,000 signatures back petition to increase tax threshold for state pensions
A movement asking the Chancellor to increase the tax threshold for state pensions has garnered 84,000 signatures before the Spring Statement on March 26.